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• 0 <br />principal balance of the Note, all accrued interest, and any outstanding late charges <br />immediately due and payable, and the indebtedness shall bear interest at the rate of 7% per <br />annum from the date of default, until the default is cured. The CWCB shall give the BORROWER <br />written notice of any alleged default and an opportunity to cure within thirty (30) days of <br />receipt of such notice before the BORROWER shall be considered in default for purposes of <br />this Promissory Note. <br />9. The BORROWER and any co- signer or guarantor hereby agree that if this Note or interest <br />thereon is not paid when due or if suit is brought, then it shall pay all reasonable costs of <br />collection, including reasonable attorney fees. In the event of any bankruptcy or similar <br />proceedings, costs of collection shall include all costs and attorney fees incurred in connection <br />with such proceedings, including the fees of counsel for attendance at meetings of creditors' <br />committees or other committees. <br />10. This Note shall be governed in all respects by the laws of the State of Colorado. <br />(SEAL) <br />Attest: <br />By <br />Ga6Miegel, Mcretary <br />BORROWER: Crystal Lakes Water & Sewer <br />Association, a Colorado nonproZi ' ( By A <br />Steven N. Koeckeritz <br />Appendix 2 to Loan Contract C150325 <br />Page 2 of 2 <br />